Other Tax Regulatory & Operational Tax Services

Practical tax regulatory support for client reporting, RELIBI, U.S. tax classification and crypto-asset tax reporting

Financial institutions face a broad range of operational tax matters beyond QI, FATCA, CRS and withholding tax reclaims. These matters often arise in day-to-day banking, investment fund, private banking or securities operations, and require fast, technically reliable and practical answers.

BDO Luxembourg’s Tax Regulatory Services team provides targeted support on domestic, U.S. and international operational tax matters. We help clients interpret requirements, review procedures, strengthen documentation and manage tax reporting risks.

Luxembourg domestic tax regulatory services

We assist with Luxembourg-specific operational tax topics, including:

RELIBI tax-related issues
Review of tax statements prepared for bank clients
Guidance on operational tax procedures
Support with domestic tax reporting processes
Review of tax reporting controls and documentation

Client tax reporting and tax statements

Private banking and financial sector clients increasingly expect accurate, clear and timely tax information. Errors or inconsistencies in tax statements can create client dissatisfaction and operational risk.

BDO can assist with:

Review of tax reporting and tax statements sent to clients
Review of tax information sent to tax authorities
Internal audit or co-sourcing engagements
Assessment of completeness and consistency of tax reporting outputs
Recommendations for process improvement and control enhancement

Tax audit and health check services

We perform independent reviews of tax regulatory processes and outputs to help clients identify weaknesses before they lead to audit findings or authority challenges.

Our work may include:

Review of tax reporting procedures
Assessment of tax statements and reporting completeness
Testing of controls
Gap analysis and remediation roadmap
Internal audit support or co-sourcing

Crypto-Tax Information Reporting

As market demand continues to grow, financial institutions face increased demand for crypto-asset services. The Crypto-Asset Reporting Framework (CARF / DAC8) includes significant complexity and can present operational challenges that limit crypto-asset service capabilities.

Financial institutions should carefully assess whether they fall within scope, even if they are not resident in the EU, authorized under the EU Markets in Crypto-Assets Regulation (“MiCA”), or registered as a Virtual Asset Service Provider (“VASP”).

We can assist you through tailored services, including, but not limited to:

Classification analyses
Impact assessments & planning
Compliance program design
Operational readiness reviews / health assessments
Training & workshops
Advice & technical guidance

Other U.S. tax services

We provide support on U.S. tax classification and elections relevant for Luxembourg entities and financial sector structures.

Our services include:

Assistance with determination of U.S. federal tax classification
Support with check-the-box election procedures
Review of tax classification impacts in operational processes
Ad hoc U.S. tax technical support linked to regulatory obligations

Why BDO

BDO provides responsive, technically grounded and operationally practical support. We help financial institutions address tax regulatory questions quickly while strengthening the underlying processes and controls.

For recurring operational tax matters or complex ad hoc questions, BDO provides the technical depth and practical responsiveness your teams need.

Key Contact

Sylvie Maestri

Partner - Tax Regulatory Services

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Robert Battison

Director - Tax Regulatory Services

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